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now and if president obama wants to engage congress on this, it will be an uphill battle for him. >> let's listen to chuck schumer responding to wayne lapierre's comments on the press. >> i think he's so extreme and so tone deaf that he actually helps the cause of us passing sensible gun legislation in the congress. >> friday's comments, yesterday's interview, what's your thought here? was he handling the sensitivity properly here? >> when the nra entered the fray on friday, they introduced a different topic into the conversation we'd been talking a lot about gun control, mental health issues and here we have a new topic of arming more people in schools. so i think this might be a more divisive part of the conversation and kind of might rile up some democrats to be opposing them. >> jake, you know, lapierre was very clear in his messaging over the weekend as well as on friday and kaitlin was making one note of that. who is he trying to convince right now and is he the right personing to carrying the message right now coming from the nra? >> i think you've seen a backlash of sorts
. the crash involved real for cars and were reported just after midnight. >> president obama in congress are looking to keep automatic spending freezes from kicking in a pain has the stor\ed paine has the story >> nancy pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and doing all kinds of things. they should be here. >> i told president i will be happy to look at what ever he proposes. a hard deadline. as i said this is the conversation we should of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >>
. the tax agency has warned congress that if no new policy is passed, the irs will need to reprogram its computers, forcing a delay in filings and tax refunds until march of 2013. president obama and members of congress are set to return for one day more of talks to avert spending cuts at the same time tax cuts expire. one alternative being floated - congress may let income taxes go up on everyone one tick past the stroke of midnight, then quickly vote to decrease tax rates for most americans back to 2012 levels. meanwhile, starbucks ceo howard schultz wants his employees to send a message and scrall, "come together," on cups for drink orders in the d.c. area. it's the first time employees have been asked to write anything other than customers' names on cups. former members of a regulatory agency are walking the well worn path from washington to wall street. since june, 9 members of the commodity futures trading commission have taken jobs at financial firms including jpmorgan chase and japanese investment bank nomura, according to the wall street journal. members of the cftc have been ma
obama and congress will reach a deal in time but that number has dropped in the past week. president obama plans to cut short his family vacation in hawaii leaving for washington late tonight. yesterday, he spoke to troops at a marine corps base in hawaii. >> on behalf of michelle and myself and our whole family we do this every year. this is where i was born so we come back for the holidays but one of our favorite things is always coming to the base on christmas day and having a chance just to meet you, those of you who have families here and to say thank you for the extraordinary work and service that you guys do each and every day. >> chip reid is in washington with more on the budget talks. chip, good morning. >> good morning, rebecca. as you mentioned, the president plans to cut short his vacation in hawaii and fly back to the white house later tonight, arriving about noon thursday. here in washington there has been no communication between republicans and democrats about how to avoid going over the cliff. before the christmas break speaker john boehner
that'll move in this weekend and your christmas forecast >>> congress and president barack obama are heading into christmas break without an end to the fiscal cliff. >> this is something within our capacity to solve. it does not take that much work. we just have to do the right thing. >> because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. >> republican house speaker said it is up to president barack obama and senate democrats to draft a deal. >>> growing pessimism about a deal getting tk-b sent stocks into a tail spin. the dow suffered triple digit losses and the nasdaq took a hit falling 29. california's unemployment rate is below 10% for the first time in almost four years. the latest unemployment rate dropped to 9.8% in november. down from 10.1 in october. jobless rate has not been this low since jan of 2009. some economists predicted california's unemphroeupl rate would remain in double digits through 2013. the fiscal cliff, mixed with lower unemployment and adding the mood with shopp
and quite a lot of talking. no sign of a breakthrough. >> mr. obama has been talking to various congress people, looking at the pictures coming to us from the floor of the house, it does not look particularly busy. it does not look like there is a sense of urgency percolating through the system at the moment. >> president obama got back from his holiday early. the senate has convened now. they're looking to express their concern about the situation. members of the house of our as additives, which are really a key component. this is a refusal of of the republicans of the house of representatives. this is one of the key sticking point here. members of the house of representatives is not expected back here until the evening of sunday. then they can get to the president's desk and get it to cited by the end of the year. this is a tight timetable. the real sticking point seems to be the republican opinion in the house of representatives and they are not even in washington yet. >> is that january 1st deadline set in stone? are they locked into it? must it happen? presumably you have a couple o
, and upheld obama care. next, those republicans in congress who broke publicly with grover norquist to support the idea of higher tax rates on the healthy, or, bobby and wallace edwards, parents of john edwards, who trooped behind him every day to that north carolina courthouse to stand with their son. or, was it this -- >> one nation, under god, indivisible, liberty and justice for all! [cheers and applause] chris: gabby giffords who survived an assassination attempt. sam? >> gabby giffords, when she did that, my heart sank. this brave woman coming back from -- she should have been dead. how did she survive? chris: she decided not to run for re-election and she knew she wasn't up for it. >> she made the right decision. chris: what about backbone? >> a republican hasn't voted for a tax increase in congress since 1990 and in the last couple of weeks republicans have talked about and said they're for tax rate increases. that is is a huge sea change in that party, the beginning of wisdom on physical sanity. >> gabby giffords, she did it with a smile. that took a lot of guts to get in front of tha
and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to work. the president probably wished he stayed in hawaii because not much has changed. >> both sides are waiting for the other to make the first move. senate republicans are ready to look over a plan the democrats put forth but they say there's no plan. this morning the top senate democrat, harry reid, chided the top house republican, john boehner, nor not calling the house legislators back into zes speaker boehner should call them back today. he shouldn't have let them go in fact. they're not here. they are not here. john boehner seems to care more about keeping his speakership than keepin
number one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will automatically take effect. >> and the clock is ticking. >>> of course, when we look back at this year, president obama's re-election was one of the biggest political stories of the year. all others, you could say, they pealed in comparison. >> with the first of our year-enders, here's abc's karen travers. >> reporter: to win a second term, president obama had to overcome a well funded opponent, a struggling economy, and voters' doubts that he had the right agenda to turn the nation around. [ chanting ] >> all: four more years! >> reporter: and after a roller coaster season, he got them. mitt romney may have started off at the frontrunner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against barack obama. >> the odds are very high i'm going to be the nominee. >> reporter: and overcome some self-inflicted wounds. >> i like being able to fire pe
the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write the words "come together" on cups for drink orders. >> we just wanted to have a subtle message of co
obama leaders to take action on crisis. karin caifa reports from washington, where members of congress have also left town. >> good afternoon, everybody. >>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: the two sides each left the capitol for the christmas holidays, blaming the other for inaction. democrats
on his side. president obama urged all members of congress to get some perspective over the holiday weekend on this. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones, and then i'd ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. think about the hardship that so many americans will endure if congress does nothing at all. >> that is a crucial point right there, folks. here is president obama. not saying, you know, boehner can't get his caucus together. i got my folks together. we're ready to rock 'n roll. we've got a deal right on the table for the american people. it's boehner, he is the problem. the president didn't do that. today every american should be encouraged about the fact that there is leadership coming out of the white house. this president has got so many olive branches coming out of the windows of the white house, nobody could cut them off. the fact is, this president has done ever
. >> there still seems to be no signs of a compromise acting congress and president obama. >> president obama return to washington to get the credit shortage of medication. is a video the president leaving. >> house and senate members are expected to reconvene today as well. >> without a budget agreement, automatic tax increase is for everyone in the spending cuts will be triggered in the new year. >> the main dispute continues to be over taxes. >>, of the kron 4 morning news changes are coming to a netflix starting next year. how the company wants to get users more connected socially and next. >> the web more attractive weather and headlines when we come back >> wexcome backed. >> time is 4:10. >> net flicks is adding more social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the restrictions allowing net flicks his additional there was also to media outlets by facebook and twitter. >> t
ever that the nation's economy will fall off the fiscal cliff. president obama is calling on congress to do just enough to change that. it's a change from his previous push for sweeping reforms. >> the american people re- elected president obama on election day. they also re-elected a republican majority here in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate for us to work together to begin solving the massive debt that threatens our country's future. unfortunately, the president and senate democrats vowed to reject and vetoed all of our proposals while failing to offer responsible solutions of their own. >> the chance for any deal may now be up to the democratally controlled senate since the speaker's plan to allow taxes to be raised for millionaires have gone down. >>> the first lady and president will attend the funeral for senator daniel inouye. >>> massachusetts voters faced another race since john kerry is now the official nominee for secretary of state. the state will have to hold a thir
's not forget last year's debt ceiling debacle, which president obama has vowed never to repeat. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. >> won't play that game. never done in history. will the president stick to that and not allow another debacle, a debacle, if we want to be british or american, of the debt ceiling vote to be tied to budget cuts like it was last time around? >> whether it's a debacle or a debacle. we'll find out very, very quickly. the president is standing his ground so far, he is saying that he is not going to compromise on what was essentially a very central issue in the campaign. that is, are we going to see bush tax cuts continue for people who are richer than $250,000 and, you know, the republicans in congress, as you recall, last week, they said that they will not vote a tax increase, even on millionaires. house republicans have b
have gone home for the christmas holiday. before he left, president obama urged congress to approve a scaled down proposal he says would prevent middle-class tax hikes and extend unemployment benefits. we may not see any movement until thursday when both sides may be back in washington. >>> a former u.s. marine who was imprisoned in mexico for four months has been reunited with his family. john hammer was released yesterday partly thanks to work from u.s. senator big nelson. hammer was imprisoned on a questionable charge after police found him with an antique shotgun. he said u.s. officials is told him it was okay to cross the border with the gun seen here. mexican officials accused him of violating their law. >>> california's controversial gay therapy ban has been halted. there's an injunction blocking the ban. some say conversion or so-called reparative therapy can turn a gay person straight. therapy techniques include cuddling. the ban would have gone into effect on january 1 and prevented people under the age of 18 from undergoing the treatment. some say the treatment benefited
congress does not vote to avoid the cliff. president obama says if lawmakers don't reach a deal he will propose a different vote. >> i will urge the senate to hold an upper down vote to basic package, extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days. local law enforcement agencies have launched their annual crackdown a drunk drivers, indictment will are already in place. a bay area lawmaker is voting for tested solution to get repeat drunk drivers off the highways. a proposal that is being used in assisted states. >> the thinking behind the proposed crackdown is address what state senator jerry hill says the high rate of drunk drivers that don't modify their behavior. he cites statistics, most recent numbers available. >> there were 161,000 d.u.i. arrests and convictions in california. 27% of those were repeat
. leading off tonight, fiscal cliff hanger. president obama calls on congress to act after christmas on a scaled down deal that would spare the middle class from tax hikes on the first of the year. >> we've heard plenty of people calling for new gun control laws, but very little from the national rifle association until now. in a bizarre news conference that was interrupted twice by protesters, the head of the nra. it's the same line we've heard before from the nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw last night from house republicans is yet another symptom of the real problem for the gop. they don't believe in compromise. and they've lurched too far to the right. we begin with where things stand on the fiscal cliff, msnbc political analyst and msnbc contributor jared bernstein. jentle men, president obama tonight said he had spoken with speaker boehner in addition to senate majority leader harry reed. >> i just spoke to speaker boehner and i also met with senator reed. in the next few days, i've asked leaders of congress
be a huge blow to the economy. lawmakers are getting more skeptical that congress and president obama can reach a deal. a big drop for stocks on friday. it is costing you last to get to grandma's house. gasoline prices have dropped to the lowest level in years. prices could rise as much as 10% a gallon over the next few days. engineers said motorola working on a top-secret device. featured is a bendable screen. google is looking to release this some time next year. i am ellen braitman with the bloomberg business report. >> 5:23. a teenager riding the holidays for her community. >> don't forget to e-mail us your response to our water cooler question of the day. how will you be spending christmas? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> the girl is spreading some holiday cheer to some families in carroll county. >> this 16-year-old is busy wrapping christmas presents for low-income families in carroll county that have children with chronic illnesses. >> i like working with kids and i want to be a nurse. it is nic
obama and each member of congress is very, very simple. quit spending the money that america does not have. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. >>> welcome back. we've been focusing this morning on the calls for gun control in the wake of the shooting in newtown, connecticut. president obama wants action, while members of congress are planning actual gun control legislation but the powerful national rifle association has another idea. yesterday, they rolled out their plan. while also identifying what they call a major flaw in the current school security system. >>> politicians passed laws for gun-free school zones, issue press releases bragging about them. they post signs advertising them. and in doing so, they t
to that pledge that goes fa beyond grover norquist. >> those conservative members of congress have a mandate just the way president obama does. so does speaker boehner. whenr. obabama comes down pennsylvania anue and does something he hasas never been inclined to do, put together aa coalition in the middle of whatever moderate democrats and republblicans he confined, get off his high horse about spending, and make those compromisises that he needs to make, he is not going to win. that in i itself would empower speaker boehner which would be to his advantage. mr. oba needs to start acting like the president of the united states if he wanants to resolve this. >> you do come down awful har on the psident. any criticis for republicans? >> if you go back five years, i was quite critical of f present bush when n he came up short. i have not worked on any republican campaign. i have criticism not so much for spear boehner because he is in a very tough position. last night i saiwould you vote for t these two bills? absolutely. youave to compromise. >>>> speaker boehner has said he is the most optimistic
, kron 4. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permission to
, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. i
. >> happy holidays. >> unless president obama and congress take action, tax rates will go on everyone on gingrey first. the day after that, and mandatory sequester will go into effect -- january 1st. the day after that, and mandatory sequester will go into effect. on the 10th of may, we pass legislation that would replace the sequester which irresponsible spending cuts. the events of this past week make clearer than ever that these measures reflect the will of the house. the american people reelected president obama on election day. the also elected a republican majority in the house. they give us all the mandate. not a mandate to raise taxes on families of small businesses, and meant it for us to work together to begin solving the massive debt that threatens our future. the president and senate democrats have vowed to reject an veto all of our proposals waffling to offer responsible solutions of their own. -- proposals while failing to offer responsible solutions of their own. instead, he wants more spending and more tax hikes that will hurt our economy. he refuses to challenge the m
with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> it is nearly 4:40 now. secretary of state hillary clinton plans to return
with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical component to the u.s. global supply chain and a potential strike or shutdown to the ports not only impacts retailers but all other businesses who rely on the ports to move the nation's commerce. >> reporter: the sticking point in negotiations: a decades old law, called the container royalty fund. it was established in the 1960s to help dockworkers displaced by technology, the port alliance says these days those royalties serve as a bon
. what they need are our prayers. >> president obama is cutting his vacation short to return to the nation's capital. hallie jackson has the latest. >> congress is heading backed to washington tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. >> we have the finest military in the world. >> tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. the present hopes the break would provide some perspective. >> everybody can drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> what the present has offered will not do anything to solve our spending problems and begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> if that happens, it would be the most
of the obama administration. she tangled with congress and even the white house itself, particularly on global warming issues. >>> the other big story tonight, a deadly storm continues to wreak havoc in the northeast this hour. and before it's even over, another storm is already forming with now 65% of the country still covered in snow. the weather channel's eric fisher is in lewiston, maine. good evening to you, eric. >> good evening, natalie. 16 people have been killed by this latest winter storm that brought everything from tornadoes to coastal flooding, hurricane-force wind gusts and nearly 2 feet of snow. certainly has brought plenty of misery for people from texas to maine. today a massive storm moved north, dumping more than a foot of snow in parts of new england. it's been a record-breaking system as it moved across the country. >> look at that tornado. >> spawning a reported 26 tornadoes across the south. and flooding along the already hard-hit east coast. the results? a travel nightmare for millions. >> we circled for over an hour before we landed, yeah. pretty rough flight coming in
congress they load tup with junk. obama may call it stimulus but it is it pork. >> emac knows this well and it was there on seatism it is awful. >> in uation like that. block grant the money to the states and see what the needs are and go to it. >> morgan what about that idea. >> you need to get out of congress and away from the red tape. >> emac you are there practically every day since the struck. >> federal aid still hasn't arrived. >> they are without electricity and see this turn into an unseemly food fight is discouraging and indictive and the senate hasn't passed a budget . secret gain of six and it is silliness . i hear john tammy . you do federalize and encourage waste and that stalls. >> john, this may turn into a great study of why the feds are getting involved and we should go the direction steve was saying. >> this would be wowhy the federal government's involvement in legal things leads to disaster. >> people would elect more carefully locally if they knew it was theirs rather than to be paid for by everybody else. >> have a very merry christmas at mickey d's. this big mac
holidays. >> unless president obama and congress takes action, taxes will go up on january 1. the sequester will go into effect that will harm national defense. that is currently the law of the land. a house is done its part to avert the fiscal cliff. we have passed legislation that would replace the sequester with responsible spending cuts. he also passed a bill to stop all of the january 1 tax cuts. -- we also passed a bill to stop all of the generally when tax cuts. the american people reelected president obama on election date. the also elected the republican majority in the house. they gave us a mandate not to raise taxes on families and small businesses, but a mandate to work together to solve the massive debt that threatens our country's future. unfortunately the president and senate democrats have vowed to reject indeed all of our proposals while failing to offer responsible solutions of their own. what the president has offered so far will not do anything to solve our spending problem and begin to adjust our nation's crippling debt. instead he wants more spending and tax hikes that
on congress to get back to work thursday as soon as third christmas break is over. president obama will return from hawaii as well. gop leaders are predicting évu e new year will come out an >> reporter: some republicans lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before, and now because it is what the president wants you cannot negotiate with someone who does not want to negotiate. >> reporter: boehner failed to get votes thursday, friday boehner and the president left town with no deal, each making a parting pitch. >> the president: i've asked leaders of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the first time that i feel it is more likely that
to another recession if president obama and congress fail to find a way to avoid the fiscal cliff of tax increases and spending cuts that will take effect january 1. the president is returning to washington this morning, cutting short his holiday vacation. however, with only five days before the fiscal cliff deadline, no new negotiations have been scheduled. and adding to the pressure, treasury secretary tim geithner says the country is on track to hit its borrowing limit on monday. >>> and former president george h.w. bush has been moved to the intensive care unit at a hospital in houston. he's in guarded condition because of a stubborn fever. mr. bush who is 88, has been hospitalized for more than a month now, trying to recover from bronchitis. >>> you think you pay a lot to park. not compared to folks in chicago. it's going to soon cost $6.50 per hour. that's like 10 cents a minute at a meter downtown. after the rate goes up 75 cents in the new year. >> in quarters? >> yes, quarters, you can also use a credit card. >> who carries $6.50 in quarters? >> you can use a credit card, you gu
'm not sure what happens at that point. it depends on what the markets do. we'll say this. president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up or will it plunge? >> the republicans want to cut a deal before the cliff. >> i know that. but if this thing goes over the cliff, will there be term innocent damage to the economy like a new recession? >> republicans tell me they think if they can make a deal on rates early january the markets will fluctuate. >> i am hearing the markets have already reacted. >> for a couple days. couple days. >> yeah. >> i've heard another argument. a lot of people say, or at least people i've talked to, if they can't do it by the date, they can
of getting this flew congress. president obama when he campaigned for his first term, said he would like to look at reveezing the assault weapons ban. the white house sent some gentle signal early on they might try to do that, and it was instantly clear that they backed away from it. the mere prospect of president obama's being elected caused a huge run on ammunition, police departments were almost running out of it. now many democrats think the situation is different because of newtown and the other mass shootings this year, so i guess we're going to find out whether past is prologue. things have -- things may have changed. we're going to have to see how much they have. >> senators kay bailey hutchison and mark warren yesterday segment nauling their willing tons talk about this, and most likely the conversation leading itself to do something about high magazine clips and what is defined as an assault weapon. is the climate right for a modernized assault weapons ban to pass through congress? especially if vice president joe biden and this inter-agency task force with muster enough suppor
exchange." i'm kelly evans. >> and i'm louisa bojesen opinion. >>> president obama calls congress back to the capital. >>> investors are bracing for the final eurozone bond sale of the year. italy is expected to see solid demand when it sells up to 6 billion euros of longer dated paper today. >> and japan's finance ministers saying other countries have no right to lecture japan on its currency policy instead calling for the u.s. to seek a stronger dollar. >>> let's take a quick check of the u.s. markets. the dow, nasdaq and s&p 500 down four days in a row something on the average of 2% when it come to the nasdaq. we're seeing pointed arrows this morning, again. looking to shed three or four points at the open, similar small decline seen for the nasdaq and for the s&p. most are still well in the green for the year, although december will be a down month unless the nasdaq can turn it around quickly. european bourses, the ftse 100 just barely lower, though, not moving too much. the xetra dax is an underperformer, down about .3%. the cac 40 also a mirror image of what we saw yesterday. the
. >> if president obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had s
to be approved congress. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. s
on reducing gun violence in america to congress, president obama this week mentioned a number of sensible gun control measures. but he also paid homage to the conventional washington wisdom from mental health issues to school safety. his spokesman jay carney said earlier this is a complex problem that will require complex solution. gun control carney from the only answer. let me respectfully disagree. the problem is not complex and the solution is blindingly obvious. there are three sets of causes that people point to when talking about events like the one in newtown. first, the psychologist of the killer. second, the environment of violence in our culture. third, the easy access to guns. each of these might explain any single event, but what we should be trying to understand is not one single event, but why we have so many of them. let's look at the facts. according to the u.n.'s office on drugs and crime, the u.s. gun homicide rate is 30 times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we
to be no signs of compromise between congress president obama is cutting his holiday vacation in hawaii short. and will return to washington tomorrow. house and senate members are expected to reconvene tomorrow as well. without a budget agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. the main dispute continues to be over taxes. >> in national news. dallas cowboys nose tackle josh brent has been formally indicted on a charge of intoxication manslaughter. for the crash that killed a teammate. brent was arrested earlier this month after police say he flipped his car while speeding though a neighborhood in suburban dallas. brent survived the crash. but his friend and teammate. practice squad member jerry brown. died at a hospital. intoxication manslaughter carries a maximum sentence of 20 years in prison. no court dates have been set. >> right now parts of the country are dealing with the aftermath of a severe storm system that is being blamed for at least six deaths. and tonight. we have dramatic new video of a major tornado that ripped t
think the expectation at this point is that with congress returning, president obama is likely to go back to washington to oversee things as they move. or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming f
into effect. today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris said she found him treated on her and tried to commit suicide in front of him. they wrestled over a gun and he was shot. >>> former president george h.w. bush is getting better. he is reportedly singing with doctors and nurses in the houston hospital where he is at, although he is still in the intensive care unit. the senior bush has been in the hospital now for more than a month, but his family says that they are confident that he'll be out or released soon. >>> a cancer diagnosis didn't stop one man. in fact, at 79, it is spurring him on to achieve new goal as a marathon runner. >>> plus, no more nudity in san francisco. at least not in public. it is one of the most outrageous lawsuits of the year. and of course our legal guy will weigh in. announcer ] what if
from 35% to 39.6%. that's only on the amount earned above that threshold. obama has told congress either they come up with something better or put his proposal to a vote. he's betting even those who hate the idea of a tax increase on the rich will hate causing america to go over the fiscal cliff even more. okay. option three. that's the red box. that's one where america goes over the fiscal cliff. jessica yellin is cnn's chief white house correspondent. peer into the crystal ball for us, jessica. which of these scenarios is most likely? >> well, ali, i think that after yesterday it's slightly more likely that there will be some sort of agreement. that doesn't mean that there are a whole bunch of optimists running around d.c. saying it's going to get resolved. but what you describe sod well as a moment of spiritual clarity yesterday really did lead some to think that senators reid and mcconnell have done this before. they are two experts at getting together and crafting something that resolves things at the 11th hour. and if any two men with can do it, it is these two men. right no
because of obama's re-election. the "new york times" made the front page with "clout diminished, tea party turns to narrower issues." and "the washington post" reports tea party stays on the sidelines as obamas, republicans in congress tackle fiscal cliff. the most visible former elected official in the tea party and, of course, chairman of freedom works tried to oust several freedom works officials this fall. in fact, according to the post, army thieves control momentarily of the group. and he brought a gun carrying aide to remove rivals within the organization. but within a week, army was out. freedom works arranged an $8 million pay page for him. $8 million. that is more than the organization's entire annual budget in some years. over in the house, several tea party allies were recently stripped of their committee assignments by speaker boehner. so there are some problems there at the top. an influential conservative is lashing out. >> the tea party is going of to look at itself. it's been so helpful to the republican party in the past. it saved i by not going third party in 2010, helpi
days away unless congress acts. one step forward, two steps back. president obama and republican lawmakers have been dancing that waltz for six weeks now, but the music stops when the countdown clock at the bottom of your screen runs out. so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to
networking. she served on president obama technology working group and delivered its group to congress and youth safety on the internet and you can read her plug. how's that for a plug? >> thank you very much. our parents guide is free and can be distributed at schools or parent nights or whatever, so we're happy to make them available to you at connect safety .org so a little bit more of the big picture. this is amazing panel of people who have resources and campaigns that can support and reinforce your fine work. so i am glad you stayedand we learned about bullying and preventions and solutions and just to reinforce getting the accurate picture bullying is a serious problem but it's not an epidemic. it's not on the rise. daift finkelhorn and director of the research center university of new hampshire and reviewed studies and bullying among youth is actually down in recent years. his colleague have actually stopped using the term of "bullying" and refer to peer aggression and i can go into definitions but i won't bore you. a subset of bullying is also not on the rise and based
after president obama said he will pursue a less am by shougs budget deal with republicans. there is good news no matter what congress does to address the problem, it is too late for employers to with hold income taxes from paychecks next month. employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the holiday came a little early for some people. the women's organization has been an outreach to families that have people that are ill or incarcerated. >> thank you for all the people have done. this is overpowering. >> tears of joy as the washington wizards and volunteers delivered bags of gifts to her home. >> my goal is not to just play barble but do things the community. >> his daughter recently p
increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % reca
think the odds are , colonel, that president obama, members of his party, a congress in particular will then call for an intensive investigation and examination f media and hollywood and their role in treating this kind of environment. >> i think the odds of hollywood doing it -- the odds of this president's doing an intensive study and an intensive investigation of the impact of the of namee in hollywood are slim to none. the tired old -- meaning it's not going to happen. we will see, what is the tired old, the red herring being draggeacross the path again. it's all about the guns. it's the mantra. when they refused to point the camera at themselves. lou: they're going to do exactly that and a point the camera at them, continue this discussion, and we're going to continue what he sure to be a significant national discussion. you postedd updated next. the sandy hook massacre. tonight we focus on america's mental health problems and issues in the lou dobbs for him. issues in the lou dobbs for him. what can be hey, travis... get some friends, loser! so, are you all right, man? yeah.
.s. back into recession. president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain, no accumulation expected. >> will that hold you over? >> no. i am still wishing for snowfall. teachers do as well. a light wintry mix today, not a big deal. nothing to get excited about. why snow excitement factor, 1 out of 10. next weekend we have the potential for little snowfall. let's talk about what's happening right now. areas of rain tracking into southwestern virginia, western north carolina tennessee valley. that will slowly push our way. by lunchtime is when we will see the first areas of a light wintry mix across the washington area. late morning is when it starts southwest of town, parts of central
. she is expected to recover. >> president obama is cutting his vacation short. hallie jackson is live with the latest. it is not just the president returning tomorrow. >> congress is heading backed to washington tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. >> everybody can pull off and drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> it begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> it would be the most colossal act of congressional irresponsibility in a long time if that happens. >> some strong words from senator lieberman. the president is expected to arrive tomorrow morning. >> how
and a plan for an economic growth and deficit reduction. >> that was president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new at 6:00, american families are now banned from adopting russian children. we'll hear from one local family who calls it a death sentence for thousands of small children. >> before you get to work on your next home repair project, we're warning you about the dangers of trying to do it yourself. now a preview of what's ahead on world news at 6:30. >> the 11th our deal or no -- hour deal or no deal. tonight the track of the storm and where it will hit. >>> the nation is mourning the loss of the man who led allied forces in the gulf war. norman schwarzkopf was credited with winning the war and the public's imagination. >> reporter: in 1990, norman schwarzkopf was a little known general looking ahead to requirement -- retirement. then he led into the face of the u.s. counterattack,
and congress to make a deal and avoid those automatic tax hikes and spending cuts. obama met with top leaders from the both sides of the aisle in a rare meeting that lasted over an hour. afterward, he spoke about the importance of the deal for the u.s.'s still recovering economy. >> economists, business leaders, all think we're poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> senate minority leader mitch mcconnell also spoke after their meeting expressing home that the weekend would bring a deal. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation i can make to my conference and the majority leader can make to his conference. and we'll be working hard to try to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> we're watching that story closely. >>> protesters demanding justice for the young woman who has died now after she was brutally beaten and gang raped on a bus
. investors remain skeptical that congress and president obama can reach agreement on the budget. that sent stocks lower and the markets are closed today for christmas holiday. if you are still undecided about what to do for new years hotwire out with most popular destinations orlando number one, many of the theme parks have celebrations. chicago and las vegasyq,Ñ new york made top five as did miami. at the new york stock exchange, i'm deborah costra with the bloomberg business report. >>> i'm sure san francisco is on that list. if you are coming here bring your umbrella today. >>> first we'll start off with a beautiful live shot from the embarcadero looking out towards the bay bridge. right now we have cloudy conditions all around the bay area. we'll also go to live doppler, we are picking up returns around the bay and south bay, but there's a lot of moisture in the air, not hitting the ground this is called virga, where we see rain now, the areas of yellow that's the cold front moving through hitting the coast right now and 10 waup along healdsburg, it is going to spread south into the b
, partisan bickering has been put aside. you have members of congress and president obama at the funeral service for the late senator daniel inouye. harry reid is also at that event. will he talk to president obama? white house officials right not being fairly tight-lipped on that matter. not telling us if there are any meetings scheduled at this point in time. they, again, call this a working vacation and say that staffers are working on this behind the scenes. melissa? >> hang on just a second. let me bring in nbc news political editor diminico montenero. what do you think about the majority leader flying all the way to hawaii? >> i think they realized they have three options, small deal, a big deal or go over the cliff, and right now the most likely scenario is a small deal. something that puts us past the fiscal cliff but then brings the fiscal issues into the new year which has a lot of potholes for the president. has a lot of things to get done on his legislative agenda, so worried about how going over the cliff might impact the economy immediately. >> who is more likely to take th
a week ago until the fiscal cliff's daunting deadline, president obama is cutting his vacation short to return to the capital. hallie jackson has latest. >> congress will also return to town tomorrow, but with new year's just a few days away a plan to avoid the fiscal cliff may come down to the wire. president obama spent part of this christmas greeting troops and how why he. >> not only do we have the finest military in the world -- >> but tonight he will leave the state for washington, and a state of gridlock, calls it -- as they struggle to come to a compromise to avoid tax hikes and spending cuts. members of both the house and senate are also heading back to capitol hill tomorrow. after the holiday break the president hopes will provide perspective. >> everybody can cool off, everybody can drink some eggnog and have some christmas cookies. >> and return to washington after speaker john boehner failed to get enough support for muslim party for a plan b that the bill that would raise taxes for those making more than a million dollars a year. >> what the president has offered so far
, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if u.s. families have already started the process of adopting them. the ban appears to be in re retaliation for u.s. criticism of russia's human rights record. >>> it's back to work for hillary clinton after being sidelined due to a concussion. she hit her head earlier this month after a stomach virus caused her to faint. overseas travel will remain off the table for several more weeks. >>> a woman has been arrested suspected of running a fraudulent fundraising scheme to profit off the sandy hook shooting tragedy. the 37-year-old was charged with lying to the fbi agents investigating the alleged scam. she spoke off camera earlier this month with our own jeff rossen. the uncle of 6-year-old sh
. it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could really take months to work out. >> can it be resolved in the matter of few enough days that they meet tha
in congress often resort to executive actions. obama even had a program for it called "we can't wait." the most famous "we can't wait" provision was on immigration, where he basically stopped the deportation on young hispanic people brought her as immigrants as children. that's, as you know, the fastest-growing voting population in the country. >> and quite possibly could have delivered him the state of florida. let's talk about some other interesting issues, highs and lows of the campaign, that happened within a month of each other, the first would be a low, that first debate, a lot of folks thought mitt romney was tipping the scales after that night in denver. >> well, astonishing, several things were going on there, i don't think president obama likes these debates. i don't think he really respected governor romney at that point, probably thought he might have been a bit of a lightweight, also a feeling president obama wanted to feel presidential and above it all and all those things combined for a horrific performance, even his aides would admit that and he would admit that at th
. in december 2008, shortly before leaving office, the job approval rating sunk to miserable 27%. congress was a thorn in the side of second-term presidents. it's a question of whether president obama forges a closer working relationship with congress this time around and then the second-term scandal. clinton dom natded and ended after a year because lewinski scandal began. congressional investigation and impeachment and then completely derailed any agenda he hoped to push in that second four years. >> i have to go back to work on my state of the union speech. and i worked on it until pretty late last night. but i want to say one thing to the american people. i want you to listen to me. i'm going to say this again. i did not have sexual relations with that woman. miss lewinski. >> though ronald reagan pushed through a tax overhaul in the second term he also became embroiled in the iran-contra affair. >> a few months ago i told the american people i did not trade arms for hostages. my heart and best intentions still tell me that's true but the facts and evidence tell me it is not. >> there'
- called fiscal cliff. the president and congress have left town for the holidays. house speaker boehner is in and obama is in hawaii. >> i'm stuck here in washington americans from showing more money to uncle sam next year. the gauche nations between white house and house speaker speaker boehner fell apart. negotiations between the white house and house eager .peaker boehner fell apart the president said that he is to working on a smaller deal avoid the fiscal cliff. >> the president is making changes when it comes to his inauguration. this time there will only be o official balls. there'll be a concert honoring .he lee terry families saturdaye held on before inauguration. out of egypt, how millions e voted on the disputed constitution. also, this cruise ship is isn't beingto italy m.rubbed from top to botto >> staring up controversy in virginia. breaking news out of egypt tonight. the constitution has received a majority of yes from more than 70%. the results were posted on the muslim's brotherhood website. was about 8ut million people. official results will not be announced for severa
obama, but it's very much up to congress to do something here going into the new year. as of right now, this may surprise you, but there are basically no discussions going on. the white house, senate democrats, they are not in discussion with how republicans and senate republicans in any substantive way. that may seem troubling to you because in order to work out some sort of deal to make it through congress, all parties need to agree to something. but as of right now, they are not talking. all eyes now turning to the senate, which will reckoconvene thursday. harry reid has the task of trying to cobble something together that can get some republican support in the senate and also get some republican support in the house and make it through congress. that's a difficult task. the white house saying they want the threshold for income tax rates expiring to be $250,000 and above. they are back to their initial negotiating position. and so between that and the lack of discussions going on, you sort of understand why you're hearing from democrats and republicans this pessimism about going ove
school in newtown, connecticut efforts turn now to preventing the next tragedy, with president obama appointing a task force for gun violence and members of congress calling for stricter gun control measures. but my guest this week says the heart of the problem is not the availability of weapons, but the abundance of individuals with severe mental disorders who are not being treated. dr. e fuller is the founder of the treatment advocacy center and author of the "insanity offense" how america's failure it treat the seriously mentally ill is endangering its citizens. doctor torrey. welcome here. and you've written you're not against guns, but people's access. how many people are we talking about across the united states. >> it's a gun problem and a mental illness problem and 7 million at any given time, of these, half are not being treated at any given time and about 1% or 70,000 are potentially dangerous at any given time and we're not treating those people. >> paul: how do we get around to treating them? we don't know, for example, that adam lanza really was mentally ill. we haven't
that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an unend to unemployment benefits for 2 million people could be on the way because of the fiscal cliff. congress, it's about to get a raise. it's part of an executive order that president obama issued which ends a pay freeze for federal workers. so salaries will go up by .5% after march 27th. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time lawmakers got a pay raise was in 2009. >>> this morning, i want to tell you about the fact that we know the name of a man pushed to his death at a new york city subway station now. he's identified as 46-year-old dusend. a sketch of the suspect. she's described as a heavy set woman in her 20s who was wearing a ski jacket and sneakers. poppy harlow has more on the investigation for us. >> it was horrible. >> reporter: this man says he heard the final scream of t
children. >>> congress has left town for the holidays. and president obama made a plea today for a bipartisan agreement to prevent going over the fiscal cliff. >> the american people are a lot more sensible and a lot more that you feel and much more willing to compromise and give and sacrifice and act responsibly than their elected representatives are. >> when congress resumes, there will be just four days to come up with an agreement. >>> the oakland school district is facing allegations of mishandling federal money. it's being told to pay back thousands of dollars. an audit was conducted after a cbs 5 investigation questioned how a private school was getting federal money. how the district is defending its actions. >> reporter: for years, this private religious school has received thousands of dollars in federal funds, $50,000 just this year doled out by the oakland unified school district. it's the school that sends its students out to bart stations to solicit money, sometimes late into the night. tonight they left after we approached them. >> get out of my face. >> report
from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and
to clear out.÷s+0t netflix trying if get more social, it is waiting for president obama to sign a bill passed by congress that removes restrictions on companies sharing video rental history, once it is allowed to do that netflix users will be able to share information with >m facebook that is business news live at the new york stock exchange, ellen brightman, bloomberg . >>> mike is here with a look at the forecast and our little bitty break. >> you are coming up with a lot of neat technical terms. little bitty break, like that.wy the rain. can see cloud cover starting to open up=/w, as we k down to the south from our roof cam at the embarcadero center with the lights still on, ferry building to the bay bridge, good news, no rain out of these clouds. doppler tracking waiting for anything to fall, it is not going to happen. no rain, so thin they will dissipate as we head through the afternoon,zc'u increasiypz sunshine today, yesterday we talked about a rainbow day me some of your pictures and you this was from brentwood yesterday morning. this one spanning the bay bridge this was from
people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will be th
the feeling that congress' approval rating among president obama is in the neighborhood of negative 75,000 percent. and yes, numbers geeks, not a real number. but he seems really tired of working with these people. but there is a way in which congress, and particularly congressional republicans may actually be helping president obama out right now. everybody's always known two things about the cliff. you're almost certainly going to get more taxes in a deal after you go over than in a deal before you go over it. that's because after you go over the cliff, taxes already go up for everybody. so anything you do, any reasonable deal congress reaches, it will be a big tax cut. but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try
the program to serve as the shuttle's success are. president obama -- successor but president obama closed the program. congress has continued to see the importance of the system in mandated the space system in the zero ryan program. i appreciate your comments that the stimulus act appropriated moribund in 1 act in this country has spent on nasa since its creation. budget in spending are an example of priorities. in terms of having to continue the united states preeminence, not just in the space program but in terms of science and everything else that goes along, it ended up being washed away in stimulus funds. as this hearing has highlighted, the approach to this lacks clear mission. he is relying on the success of commercial space. i strongly support a public /private partnership for our space policy. it is up to now said to develop the heavy lift rocket because the private sector does the not have enough funds to do it by itself. that rocket means a net to overcome the administration's shortsightedness. they supported a mission to the moon. president obama has taken a been there done th
. lawmakers say it'll be time to get back to work when they and president obama return to washington on thursday following the time is running out to avert increases and domestic some members of congress are growing more skeptical that a budget agreement can be reached. >> before we go over the fiscal cliff, negotiations. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer th
about that quite yet. president obama today, and what i thought was interesting is using the power of the bully pulpit to put pressure on congress to get this basic deal done that he is calling for, and richard, one of the things that he said at the end of the remarks is that essentially this is not how the american people do business and just to remind you that ordinary folks meet their deadlines and sort out disagreements and the fact that the lawmakers can't do it is boggling to many of them. the president really trying to ramp up public pressure, and this is something that we have seen him do in the past, a tactic that he has taken in the past to try to get the public on his side to put the pressure on the house republicans. richard? >> kristen welker, thank you so much for all of your work at the white house. joined by the grio's joy reid and chicago tribute's clarence page. let's talk about what kristen was just talking about, because i felt that the president was getting impatient. roll the tape. >> outside of washington, nobody seems to understand why this is a repeat patte
spread to the attic. no injuries were reported. president obama is heading back to washington thursday to negotiate with congress, a way to avert this booklet but only the senate will be back in session. >> house members have not been called back to work. >> president obama is cutting his holiday vacation sure to come back and work on a deal. any deal may be a short-term fix. president obama will be leaving forwarmth of yhawaii washington. there is no specific deal on the table. democrats blame republicans for not agreeing to end tax cuts for the wealthiest americans. >> we're not going to let the rich pay one dime more. there is something awfully wrong with that picture. the american public is seeing that. >> republicans will not agree. they see there may be room for compromise. >> i know i am not in the majority and the red states annett -- in the senate. we have to sit down and hammer something out. >> if no deal is reached, americans will see their income taxes go up. 2 million peoplwill lose their jobless benefits. $110 billion in spending cuts will hit federal agencies. analysts
to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> harris: if congress cannot work out a deal, tax hikes, spending cuts will take effect on tuesday of next week. president obama says he is willing to give congress a little time to come up with a compromise but his patience is limited well as is the rest of the country's. ed henry with the news live at the white house. ed, first, a dramatic meeting earlier today at the white house. and then this
people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from
in ten year's time. >> both houses of congress have passed tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. was emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes and we need to start cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls on government to be as small as possible. its roots are as old as american politics, but the philosophies main spokesman is this man, grover norquist, president of americans for tax reform. his pledge signed by almost all republicans in congress for
. >> at blue canyon, john alston, abc7 news. >> new this morning president obama is making alternative plans in case congress does not vote on a compromise to avoid the physical cliff. nearly every american's paycheck is about to shrink until they prevent the tax hikes from kicking in january 1st. president obama said he will propose another vote in case they don't vote on it. >> i will urge the senate to hold an up-or-down vote that protects the middle class from an income tax hikes and extends unemployment americans look for a job and lays progress for more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising tax force the wealthiest americans to avoid the physical cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next few days. the highway patrol and other law enforcement agencies have their checkpoints in place. >>> a bay area law maker is proposing a n
, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less . extending unemployment benefits and delay dramatic spending cuts until later next year. >> they realize it is it a critical time. >> we are engaged in discussion majority leader and myself and the white house in the hopes we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make and we'll be working hard to try to get there in the next 24 hours. >> sources say house spheeker bone bone deferred to the senate and house would consider or amend the plan and not expected to be included is the d
and hazmat crews are on the scene. gregg: president obama is apparently cutting his hawaiian vacation short heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negot
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